Applicants must be 18 or over. All loans are subject to affordability, applicant verification and traditional credit checks via various national databases by Cashfloat responsible lending policy.

Bad Credit OK. All credit types are accepted. Our technology allows us to find you the right loan offer based on provided information. There are no fees and no obligations to accept the loan presented. Instant Funding. You can get approved instantly and access your money within 24 hours.

Agree to your lender's terms and your funds can be directly deposited into your bank account without any additional paperwork.

If the value of your home declines, you are more likely to become underwater on your mortgage loan. If this happens, you will have trouble refinancing your loan or selling your home. To fully appreciate the risks of cash-out refinancing, look no further than the most recent housing and financial crisis. According to an article published in the New 0 interest personal loans Times, cash out refinances comprised a large percentage of the sub-prime loans that eventually led to the crash of the housing market.

Citing a joint HUD-Treasury report, the article notes that by the year 1999, 82 of sub-prime mortgages were refinances, and 60 of those refinances were cash-out refinances.

And according to an article published in April 2010 in the Washington Post, Texas' restriction on cash-out refinances and home equity loans played a major role in protecting the state from the worst of the housing crisis. Quoting research from the Federal Reserve Bank of Dallas, the article argues that fewer Texans cashed out their home equity in the early 2000s, and those who did were capped on the amount of equity they could cash out. The Federal Reserve Bank of Dallas' research 0 interest personal loans confirmed the risks associated with cash-out refinancing by finding a strong link between the percentage of subprime cash-out refinances in a state and that state's foreclosure rate.